Business

Central Bank: foreign reserves record a slight 5-month high

Central Bank: foreign reserves record a slight 5-month high

Egypt's foreign reserves recorded a slight rise for the first time in five months, the Central Bank of Egypt said…
Egyptian agricultural exports reach LE13.6 billion in 2013

Egyptian agricultural exports reach LE13.6 billion in 2013

 The value of Egypt's agricultural exports amounted to LE13.6 billion, representing 10 percent of Egypt's total exports in 2013 and…
New offers to encourage Arab tourism to Egypt

New offers to encourage Arab tourism to Egypt

 The Tourism Ministry and the Tourism Promotion Authority launched new promotional offers in early March in a bid to attract…
Tourism declines by 17% in 2013: tourism minister

Tourism declines by 17% in 2013: tourism minister

Tourism Ministry statistics issued on Wednesday showed that incoming tourists in 2013 declined by 17.4 percent compared to 2012.  Egypt received…
Energy subsidy expected to increase up to LE140 billion by end of fiscal year

Energy subsidy expected to increase up to LE140 billion by end of fiscal year

Petroleum Minister Sherif Ismail said petroleum products subsidy is expected to increase by 10 percent by end of the current…
Currency black market shows limits of Egypt’s recovery

Currency black market shows limits of Egypt’s recovery

Egypt's central bank has taken extraordinary steps to prop up its currency and curb a black market in foreign exchange…
Tourism Minister: Gulf tourists rates down 15%

Tourism Minister: Gulf tourists rates down 15%

The rates of tourism coming to Egypt from the Gulf countries fell by 15.3 percent during the past year, 2013, compared…
Beblawy in Saudi Arabia to support closer economic ties

Beblawy in Saudi Arabia to support closer economic ties

Prime Minister Hazem al-Beblawy heads on Tuesday, accompanied by a large ministerial delegation, to Saudi Arabia on a one-day visit,…
European bank allocates 1 million euros to support Egyptian furniture industry

European bank allocates 1 million euros to support Egyptian furniture industry

Ihab Deryas, head of the Egyptian Furniture Export Council, said the European Bank for Reconstruction and Development allocated 1 million…
Source: Saudi Arabia to offer new aid package to Egypt

Source: Saudi Arabia to offer new aid package to Egypt

Saudi Arabia will grant Egypt US$5 billion to support the economy after the presidential elections take place, in addition to…
Back to top button